Dec 21, 2014

 

Human Resources

REVISED BIWEEKLY PAYROLL DEADLINE
Due to ITS updating network equipment Dec. 29 and 30, the deadline for submitting and approving biweekly Web time has been moved from the 29th to 11:59 a.m. Friday, Jan. 2. It is imperative that ALL APPROVALS be completed by the revised deadline in order for the payroll to process and pay employees on time. Employees who plan to be out during the holiday period should make sure their time is entered and submitted for approval prior to leaving campus. Approvers who plan to be out during the holiday period should make sure that proxies have been assigned prior to leaving campus or arrangements have been made to ensure that approvals will be completed by or before the deadline. The deadline for timecard approvals for BW26 remains at 11:59 a.m. Monday, Dec. 15.

As always, your assistance in helping us meet our deadlines for an accurate and timely payroll are appreciated. Please call Payroll at 217-581-2118 or 217-581-2214 if you have any questions or concerns.

ERICA M. THORNTON, Payroll
Posted: Dec 08, 2014


ANNUAL PRUDENTIAL LONG-TERM DISABILITY RATE INCREASES
The annual Prudential calculations have been completed and updated in Banner. You may notice a change in payroll deduction amounts for voluntary supplemental long-term disability coverage. Premium increases are effective Dec. 1, 2014, and will show up on paychecks dated 12/12/14 (BW25) or 01/02/15 (MN1). Premium costs are based on salary and age factors. Changes in either or both over the course of the previous 12 months will result in a change in premiums.

AMANDA ZUCCO, Benefits Services
Posted: Dec 04, 2014


403(B)/457(B) CONTRIBUTION LIMIT INCREASES
The Internal Revenue Service recently announced the 2015 Dollar Limitations on Benefits and Contributions for tax deferred retirement savings plans. Participants under the age of 50 can now contribute up to $18,000 annually to their 403(b) and 457(b) plans. Participants who are age 50 and older can contribute up to $24,000. If you wish to take advantage of the increased contribution limits, please complete the Tax Deferred 403(b) form or the Deferred Compensation 457(b) form (located here). No action is necessary if you do not want your contributions to change.

THURMAN .B ETCHISON, Benefits
Posted: Dec 02, 2014





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